The magazine of international economic policy.

From the Winter 2019 issue

Why Is Populism On the Rise and What Do the Populists Want?

What problems are today’s populists seeking to address? Are followers of populist leaders driven by economic insecurity at a time of rising economic inequality and subpar growth, or by a reaction against progressive values, or both?

A symposium of views

Featuring commentary from Anders Åslund, Jörg Asmussen, Dean Baker, Jared Bernstein, W. Bowman Cutter, Marek Dabrowski, Mohamed A. El-Erian, Milton Ezrati, Jeffrey Faux, Benjamin M. Friedman, James K. Galbraith, R. Glenn Hubbard, Gary N. Kleiman, Philippe Legrain, Robert E. Litan, Edward N. Luttwak, Kishore Mahbubani, K. Philippa Malmgren, Robert A. Manning, J.W. Mason, Thomas Mayer, Thomas Mirow, Jørgen Ørstrøm Møller, Kevin G. Nealer, Joseph S. Nye, Jim O’Neill, Rudolph G. Penner, Philippe Riès, Holger Schmieding, Simon Serfaty, and Klaus F. Zimmermann

Acceptable Versus Unacceptable Wealth Creation

How to escape today’s populist dilemma.

By Bernard Connolly

Reforming The Fed

Should the Federal Reserve reexamine its communications policy? And should the Fed’s dual mandate be reexamined? More than a dozen noted experts share their thoughts.

A symposium of views

Featuring commentary from Hannes Androsch, Scott K.H. Bessent, Lorenzo Bini Smaghi, Mario I. Blejer, Charles W. Calomiris, William B. English, Richard D. Erb, James E. Glassman, Gregory D. Hess, Richard Jerram, Mickey D. Levy, Marc Sumerlin, and William R. White.

Euro Birthday Blues

As its twentieth anniversary approaches, was the currency fatally flawed from the start?

By Desmond Lachman

The Limits of Macroprudential Policy

Hardly a magic cure for the credit cycle.

By William R. White

Italy’s Coming Banking Crisis

The rest of Europe is losing patience.

By Lorenzo Codogno

The Risk-Sharing Fallacy

A better approach is risk reduction.

By Jürgen Stark

Germany’s China Dilemma

And the “America First” challenge.

By Klaus C. Engelen

Trump’s Zero-Sum Thinking

And Europe’s response.

By Josef Braml

Introducing the World’s New Technology Leader

How China is catching up fast.

By Friedrich Wu

China’s Coming Economic Shift

Control versus market forces.

By Chi Lo

A Strategy for Stabilizing Oil Prices

Look to the futures markets.

By Philip K. Verleger, Jr.

Off the News

View from the Beltway

Do deficits matter? At least not for now.

By Owen Ullmann